Algert Global LLC Decreases Position in Roblox Corporation $RBLX

Key Points

• Algert Global LLC reduced its holdings in Roblox Corporation by 33.2%, selling 2,600 shares and retaining 5,230 shares valued at approximately $305,000.
• Roblox reported a quarterly revenue of $1.44 billion, exceeding analyst expectations, despite a loss of $0.41 earnings per share.
• Analysts have raised price targets for Roblox, with several indicating a "buy" rating, leading to an average target price of $119.00 per share.

Algert Global LLC lowered its position in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 33.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,230 shares of the company's stock after selling 2,600 shares during the quarter. Algert Global LLC's holdings in Roblox were worth $305,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Gordian Capital Singapore Pte Ltd boosted its position in Roblox by 74.8% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock valued at $32,000 after acquiring an additional 240 shares during the last quarter. Larson Financial Group LLC boosted its position in Roblox by 819.0% during the first quarter. Larson Financial Group LLC now owns 579 shares of the company's stock valued at $34,000 after acquiring an additional 516 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Roblox during the first quarter valued at $39,000. Colonial Trust Co SC bought a new stake in Roblox during the fourth quarter valued at $41,000. Finally, Headlands Technologies LLC bought a new stake in Roblox during the first quarter valued at $57,000. Institutional investors own 94.46% of the company's stock.

Insider Buying and Selling

In related news, CEO David Baszucki sold 687,500 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $87.97, for a total value of $60,479,375.00. Following the completion of the transaction, the chief executive officer directly owned 211,559 shares of the company's stock, valued at approximately $18,610,845.23. This trade represents a 76.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 4,935,047 shares of company stock valued at $478,661,185. 12.92% of the stock is currently owned by company insiders.

Roblox Stock Performance

Shares of Roblox stock traded down $1.62 during mid-day trading on Wednesday, hitting $123.15. 6,745,877 shares of the stock were exchanged, compared to its average volume of 10,814,158. Roblox Corporation has a 12 month low of $37.50 and a 12 month high of $150.59. The company has a 50-day simple moving average of $116.62 and a 200 day simple moving average of $85.56. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market capitalization of $79.43 billion, a P/E ratio of -86.11 and a beta of 1.63.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.37) by ($0.04). Roblox had a negative return on equity of 372.96% and a negative net margin of 23.67%.The company had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.20 billion. During the same quarter in the previous year, the business earned ($0.32) EPS. The company's revenue for the quarter was up 50.5% on a year-over-year basis. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Barclays increased their price objective on shares of Roblox from $62.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Friday, August 1st. Wells Fargo & Company increased their price objective on shares of Roblox from $116.00 to $153.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Macquarie increased their price objective on shares of Roblox from $76.00 to $80.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. JPMorgan Chase & Co. increased their price objective on shares of Roblox from $120.00 to $125.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Finally, Bank of America increased their price objective on shares of Roblox from $86.00 to $103.00 and gave the stock a "buy" rating in a research report on Thursday, June 5th. Twenty analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, Roblox currently has an average rating of "Moderate Buy" and an average price target of $119.00.

Roblox Profile

Roblox Corporation develops and operates an online entertainment platform in the United States and internationally. It offers Roblox Studio, a free toolset that allows developers and creators to build, publish, and operate 3D experiences, and other content; Roblox Client, an application that allows users to explore 3D experience; and Roblox Cloud, which provides services and infrastructure that power the platform.